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<br /> � . 9?� g't)Qp�3� � ' � , -
<br /> '� S.Hau�rd or FroperiY Ins�rance. Basrower shall keep the improvemcnts naw existing or hemaf[er erected on the Propert}+ � . .,� . ��,
<br /> Hau .
<br /> � insured againsc lass by fire,ha�ards included within d►e term "extcnded coverage"and any otGer harards. i�cluding floods or - . < ,
<br /> _ � �. .
<br /> i ftooding.for wt►ich I.ender requires insurance.Th�s insu�ancc s�11��'����e amounts and for the periods that Leader ' .•:
<br /> requires.The insutance cxrrier providin8 the insu�ance shall be chosen by Borrower subject w L.zndei s approva!whict�shall not �
<br /> . be unreasanably aithheld. 1f�arower fails to maintain covera8e descrih�d above, I.ender may. at L.ender's opiion, obtain • „
<br /> '• coverage to pratect Lender's righu ia ths Property in accordance with paragraph 7. . , -• -
<br /> • � All insurance policies and rea►ewaLs shaU be acceptable to Ler►der and shall inciude a standard mangage clause.Lender shall . ,.
<br /> • . .. have the rig6t tu hald tde polisies and renewals. If Ler►der requires,Borrower shall prompdy give tn L.ender all receipu of paid , _ -
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<br /> . • i premiums and renewa!norices.In ihe event of loss,Bormwer shall give prompt notice to the insurance carrier and I.ender.Leader �'
<br /> • may make proof of loss if not made prompdy by Borrower. . .
<br /> � Unless L.euder and Bonower otherwise agree in writing,insutance Proc�ds Shall be a�Plied to restoration or repair of the •
<br /> . prope�ty damsged,if the restorarion or repair is eoonomically feasible aad Lender's sexurity is not lessened.ff the restoration or
<br /> . repair is not economically feasYble or Lender's seauity wouW be lessened,the insurancc prnceeds shall be aPPlied to the sums ' �
<br /> � sea�red by this Security Inst�ument, whether or not then dae, with any excess paid to Bonow�. If Boirower abandons the . ,-
<br /> ' . propeaty,or dces not answer within 30 days a notice from Lcnder that tihe�s�uance carrier has offered m seale a claim.then , � -• •_r�"
<br /> I Lenda may collax the msa�r..nce pmceeds.Lender may use We pmc�ds tn repair or reswre the Property or to pay swns secured .
<br /> �"� by this Se�urity Instnun�t,whedier or Aot then due.'t�t�Ts4�fay petiod will begin ahen the notice is given. , ` - .•-:
<br /> � ��� Unless Lendea and Boaoarer otherwise agre�m w�cg,any�Plicaiion of pmceeds w prinripal s6all aot extend or pastpone ' ,.§..;..;-:�._
<br /> the due date�'the montWy paymenu refesed tn a�pa:agraghs 1 and 2 or change the amount of the paym�nts.If unda para�aph � . * � � _
<br /> 21 the Propaty is arquued by I.ender,Bonower's r�ht tn any insurance poticies and p�oceeds resul6ng from damage to the . ,-_
<br /> � ,, �P�Y P�r W the ac,�nisition st�all pass to Lender to the extent of the sums secured by this Secaaity Insmunent immediaLely � , ' ,. -- -_...
<br /> prior to the acqaisition. ' _�_
<br />� . , 6.Oc��ancy.Preserva![on,ll�ai�.'�nance and Protedioa of ti�e ProPertY; Borrower's Loan Appl�cattfla;LeasehoIds. ,•`-�"' :;'`- _
<br /> _.�`F:_�,._-,.
<br /> � Borrower s�all occupy.e.stablish,andi�se the Progerty as Borrowea's principal residence within sixty days after the execution of ;s�T��.._ _-
<br /> '' this Security Instrument�d shall ca�:::�ue ro occupy tde Property as Botmwer's principal residence for at least one year aftea the �, ' ,
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<br /> • •: i date of ocr.upaacy, u�2�ss Lemder oiherwise agrees in writing, whiCh con�►i shall noI be umeaso n a b ly wi t h h e l d, or u n l e s s . . �•�;�.
<br /> • °� actenuaung cir�exisc which are beyond Borrowea's control.Borrower sball not desuoy,damage or impa'u the Fmpeaty, :.,;�: . _.,r:�,�. °� .._
<br /> .T �
<br /> ailow the L�peity to det�iorate,or commit waste on the Pcopeity. Borrower shall be in default if any forfeihffe aaron or ,. � ' . ,
<br /> . pmcee�.,w�thet civ�7 or cxuninal,is begw►t6at in Lendea's��h judgment coWd r�vlt in fo:feinue of We Aroperey or , ��:. ; ; '; �'-
<br /> . otherwiss��:�a1.tY i�lx�the lien created by this��siry Ins�ent or Leader's secwity intems2 Borrower may cure seci�a . .- .'.s •, —
<br /> � � default and reinstate.d�mvided in paragapb 18,�tssy�ausir►g the ac6on or�r�c e c d i ng w b e d i s m i�s e d w i t h a m l i n g t h a t,i n �� '�`� '-'
<br /> Leadea's good faith detearnu�aUion,precludes forfeidue of the Bocrower's interest an the Propeaty or other mat�!ampairment of ."° . �:='�=;
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<br /> the lien created by this Secaoriry Instn�-nent or I�der's sec�rity inteaest Borrowea shall also be in defaWt if Baaower,��.,g the , ., ' � ,�% ,�';1
<br /> loan apPlicarion proces.�,gave marrai�afl➢y faLse or inaccurate infor�a�on or statements w Lender(or failed w de Le�„��with �`��i t:. .,.:• � r
<br /> P� : v�� -1 _
<br /> ` any mat�ial infonnation) in wnnec,�ti3n vrith the loan evidenced by the Not�, including,bvt not lirnited to, rep�ons . � �:� • � "� �;
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<br /> - conceming Bonow�'s occupaucy of the Propeaty as a p:incipal residea�ce.If this Seauity Insuuraent is on a leasehotd,Boimwer •� .��. ,� � �� ' �<�
<br /> A --
<br /> shall comply with all the provisions of the tease.Yf Borrowa uires fee 6tle t��e pro ���"`:' ��� —•-
<br /> �q perty,the teasehol,d and the fee dde shall =�.
<br /> not merge unless Lendes agrees to the merges in writing. �-._,.� ` '•g�%
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<br /> 7.Protectioa ot I.ender's Rights in t6e Property. If Bormw�fails w peaform the wve�ants and agceements contained in ��: .: �;'_ _ _
<br /> this Se�uity InsommenL or there is a legal pmceeding that raay sigaifccantly affect Lender's rights in the Property(such as a �'t�:=:° � ,. . '__
<br /> :�•,. �T
<br /> proceeding in banlwptcy,probate,for condema�ation or forFeiwre or w enfoice laws or regularions),then Lender may do and pay ��� �'�
<br /> • for ahatever is nec�ssary to protect the value of the Pcoperty and Leaides's rights in the Fropeaty.Lender's actions may inelude '' ' �'°'�t�—�
<br /> :, �,:"��•�.=_v=-
<br /> Pal+mB aay siuus sec�red by a lien which has yriarity ov� t}�is Secariry Insuumeat, aDP�B in coun,PaYinB reasonable _r,�:-.�;.�� .
<br />. attomeys' fees and cntermg on the Pioperty to malce repairs.Altdiough Lender may take sction nnder this pazagraph 7,Lendes ���.�.,
<br /> • dOCS A01 haYE 1D QO SO. m�
<br /> .• d��nder this ara h 7 sP�.0 become addi�onnl debs of Boirower secured by this Securiry ����„ �.
<br /> Any ama�ts dtsbursed by Len P S�P ' ""
<br /> ';. .;. ..._...,�, .,
<br /> Insuumeat Uniess Bolrower and Lender agree tn other teims of payment,these amaunts shaU bear intemst from the date of ..��S. ��`
<br /> . �•:=�;y��:
<br /> disbursemem at the Note zae aud shall be payable,with interes�upon no2ice frc�S.ettdea w Bormwer requesing payment : ,
<br /> S.Mortgage Insuracce. If Ler�required mortgage ins�^�c�e as a condisian of making the loan secnred by this��ity `,���;�:�.�
<br /> � Instrument, Borrower shall pay the premiums required tn m�::ain the mortgaga ins�cance in effect If, for any r�,the • ,:;.-:. ..,.,.:, . . -•-
<br /> mortgage insurance covc�ge req�ed by Lendea la,pses or ceases tn be in effect,Borrowea snaU pay the premiums requIIed to . . ::� ,,,�F. _
<br /> obtain wv�age subsranz�lty equivalent to the mozq�ege insurance previo�iy in effect,at a cost substantixJy equivalent to the "'-��-� _
<br /> cost w Borrower of the mortgage insurance prcviously in eKect. from en alteanate mortgage insiuer a�-�ad by Leaidea. ff � .-----
<br /> , - substantilaUy equivaleat mortgage ins�nrance coverage is not available,Borrow�shall pay to Lender each month a sr.r�e e��al to �
<br /> � , on�twelfeh of the yearly mongage 6resutance premium being paid by Bormwer wben the insurance coverage iapsed es c��r�:d w �::;�.`••. �
<br /> � be in effect. Lendea will accep� use and retair,these payments as a loss reserve in lieu of mortgage insurdnce.Losa r�rve • .. �
<br /> , Forta 5�28 S/SO . � `°-
<br /> iniun:r. i.
<br /> �•8R(N�19'tt2)A� Pape 3 of 8 �,�..
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